New York - Mar 11, 2008 - Targetspot has completed an $8.6 million Series B round of financing, led by Bain Capital Ventures. Existing investors Union Square Ventures, CBS Corporation and Milestone Venture Partners also participated in the round. Jeffrey Glass, a partner at Bain Capital Ventures, will join Targetspot's board of directors.
The Series B funds will be used to build Targetspot's team of technologists and sales professionals. Targetspot's technology allows businesses to create, buy and place their own advertising messages within streaming media.